“Our revenue manager is extremely professional and response times are outstanding with answers even I can understand, I wish I could get some of my own staff to get back to me this quickly. I highly recommend this service for those hotels that do not have the resources to hire a revenue manager”
Advantages of Virtual Revenue Management Services
Many enterprises within the industry have been doing it for a long time; even newspapers are not afraid of it any more: outsourcing specified tasks into the hands of external service providers.
Outsourcing in the hotel industry at the moment limits itself to e.g., stewarding or housekeeping areas. In the strategic adjustments of the hotels, it still happens very seldom, to put the trust into experts from outside. This can bring numerous advantages to the hotel.
Taking on a virtual revenue management company should be considered as a chance for a fresh look at the steady structures of the hotel. Revenue management means collecting figures, data, and facts as well as the analysis of the information, so it is an extremely creative occupation. Everyone interprets the data differently and comes to different conclusions. Therefore, the influence from the outside is important: a revenue manager, who does not come directly from the hotel, also thinks in other directions and has an objective look at the situation.
Bringing a virtual revenue manager helps to save time. A new setting lasts typically from three to four months. Within this time, however, valuable know-how gets lost. At the same time, growth and competition ability is endangered. An external revenue manager can use this time more effectively. It is an ideal time to watch the actual situation of the hotel, and if necessary, bring new impulses to raise sales.
There are still hotels that think they can do without revenue management. Outsourcing can also help these enterprises. There are virtual service providers who take their time to provide the most suitable product. This way, the long-standing routine gets broken, and new ways can be indicated. At the same time, this form of outsourcing causes a reduction in personnel expenditure.
Hoteliers sometimes expect a ready draft from the hired revenue manager. There is no perfect revenue management that can be implemented in each hotel. Every enterprise and every market works differently, and they differ from one another. Therefore, an intensive and detailed analysis of the market is always required, and based on such an analysis, an individual strategy can be established. This cannot be done overnight, but thanks to the external expert revenue manager, the hotelier can always see the advantages such as cost-effectiveness, quick reaction to changes, clearly defined contact person, more productivity, a team of experts monitoring 24/7 and valuable know-how.
Virtual Revenue Management Service with RevOptimum will be the best decision ever for your hotel! We are the top revenue management supplier for hotels with the best revenue management professionals in the hotel industry. With a proven track record of success, cutting-edge hotel revenue approach and extraordinary hotel revenue strategies that will lift and grow your hotel’s top-line revenue at an astonishing pace, and take you to the top of your marketplace. Revenue management is a must for any hotel large or small, contact us today to get started.
“At first I was skeptical but after a month we started seeing and immediate lift in RevPar and future business started to build, I wish we didn’t wait so long! Now I can get back to selling groups and corporate accounts full-time.”